greecenew_2215404b

MESSAGE TO THE GREECE’S NEW ( FAR – LEFT, ANTI – AUSTERITY, EUROSCEPTIC & ANTI – REFORM ) GOVERNMENT.

IF YOU DON’T ACCEPT  BROADER  STRUCTURAL REFORMS JUST GO FOR GREXIT, NOW  !

EVERY BODY KNOWS  IN EUROPE THAT GREECE IS WRECKED NOT ONLY BY DEBT BUT BY THE INSTITUTIONAL FLAWS WITH ITS ECONOMY.

SOME DEBT BURDEN RELIEF  THROUGH APPROPRIATE RESCHEDULING BY LINKING REPAYMENTS TO GROWTH MIGHT BE  A GREAT IDEA BUT JUST FORGET  ABOUT ANY MAJOR  WRITE – OFF OF YOUR PUBLIC AND EXTERNAL DEBTS WHICH WOULD JEOPARDIZE THE FUTURE OF THE EURO ZONE.

SORRY, BUT WE EUROPEANS  FROM LEADING COUNTRIES WITH  STILL NO GROWTH PROSPECTS  BUT LASTING ECONOMIC STAGNATION  JUST  CAN’T AFFORD TO BACK YOU UP ANY MORE.


AGAIN, LET’S PUT IT THIS WAY :  NO BROADER STRUCTURAL REFORMS  ON YOUR SIDE, JUST GO FOR GREXIT…NOW.

THIS IS NOT A ROOM FOR DEBATE  BUT JUST A SUGGESTION FOR  « A  TAKE IT OR LEAVE IT DEAL » !

THANKS  FOR YOUR READING AND UNDERSTANDING AND GOOD LUCK TO YOU AND TO ALL  OF OUR GREEK FRIENDS.


N.B : I’LL BE FLYING TO GREECE THIS SUMMER TO STILL EXPERIENCING AMAZING GREEK HOSPITALITY.

PHLDUCX

– PROFESSOR OF FINANCE & BANKING – EX CITIBANKER IN THE EARLY 80′s AT THE TIME OF THE RESCHEDULING OF THE DEBT SERVICE OF FORMER LDCs -